Implications of alternative macroeconomic policy responses to external shocks in Africa
This document focuses on implications of alternative macroeconomic policy responses to external shocks in Africa. The paper is the development research series. the paper is organized in five sections: the next section provides: a background for the study by briefly reviewing the nature, causes and consequences of external shocks in African countries; section three provides empirical simulation results on the implications of alternative policy regimes under given external shocks, and thus evaluates their capacity to insulate the economy from the shocks; section four examines the nature and implications of different discretionary stabilization responses open to African countries, and section five concludes the paper.
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| Format: | Conference document biblioteca |
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| Language: | eng |
| Published: |
1993-12
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| Online Access: | http://hdl.handle.net/10855/548 |
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